There’s some welcome news for anyone keeping an eye on the housing market: July brought a noticeable improvement in housing affordability across much of Canada. Home prices dropped in 10 out of 13 major markets—including Vancouver, Hamilton, and Regina—which means the income needed to qualify for a mortgage has eased back a bit. While mortgage rates did see a slight decrease, it’s really the shift in prices that’s making the biggest difference for buyers right now. Having spent years helping clients navigate these ups and downs, I know how important these shifts are for anyone planning a move, especially first-time buyers and investors. My priority is making your experience as smooth and informed as possible, so you can make decisions with confidence and clarity.
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